A recent Singapore Salary Report 2022/2023 by GRIT revealed statistics on the year’s recruitment trends, market outlook, and a full breakdown of the types and skills required for the relevant digital and technology jobs.
Highlighting current and future trends to take note of, companies in Singapore are notably considering extending ‘remote working’ as an option.
In tandem, they are increasingly keen to hire international talent, with a 227% increase in employing remote employees and contractors in Asia Pacific.
Referencing the Ministry of Manpower’s Labour Market Report First Quarter 2022, the GRIT report acknowledged the recorded improvement on all fronts in Q1 2022 – “signs of a tight labour market as Singapore recovers from the pandemic”. Particularly, the unemployment rate for the overall labour force continues to enjoy a downward trend to pre-pandemic levels, where it dropped from 3.6% to 2.2%.
Per the report, with the downward trend in the unemployment rate in mind, and an uptick in the number of job vacancies, employers and employees should remain competitive.
Further, the report shared how Singapore is particularly seeing tech and digital jobs in heavy demand across a myriad of sectors — the nation is “rapidly gaining a reputation in Southeast Asia as a regional technology hub”, with tech and digital jobs in heavy demand across a myriad of sectors. However, it is also facing a tech talent shortage, which is caused not only by the COVID-19 pandemic that has restricted travel into the country, but also because the government tightened its hiring policies for foreign skilled workers.
For professionals, managers, executives, and technicians (PMETs), there was a strong growing demand for science, technology, engineering, and mathematics (STEM) professionals in IT and engineering roles.
Overall, the report noted the key insights from the Singapore Salary Report 2022/2023:
With these insights, the report provided a salary snapshot for
Top 10 skills:
Top 10 skills:
Top 10 skills:
Top 10 skills:
Top 10 skills:
Top 10 skills:
Lead image & infographics / Singapore Salary Report 2022/2023
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